Low VOC Paint Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033 | PPG Industries Inc., Sika AG, AkzoNobel NV, Wacker Chemie AG, Jotun Group

"The new report published by The Business Research Company, titled Low VOC Paint Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the low VOC paint market size has grown strongly in recent years. It will grow from $2.60 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The low VOC paint market size is expected to see strong growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.

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Impact Of Rising Construction Activities On The Low-VOC Paint Market
The rising construction activities are expected to propel the growth of the low VOC paint market going forward. Construction activities refer to the processes involved in building, renovating, or demolishing structures such as buildings, bridges, roads, and other infrastructure. Rising construction activities are driven by population growth, urbanization, infrastructure development, and increased investment in real estate. Low VOC paints are used in newly constructed buildings to enhance environmental sustainability and indoor air quality, offer environmentally friendly building materials, and meet the implementation of stricter regulations regarding air quality and emissions. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, the construction industry grew by 0.4% in 2022 and by a 1.1% increase in 2023. Therefore, rising construction activities are driving the growth of the low-VOC paint market.

Technological Advancements In The Low VOC Paint Market For Providing Ultra-Low VOC Air Purifying Paint
Major companies operating in the low VOC paint market focus on developing innovative products, such as ultra-low VOC air-purifying paint, to meet growing consumer demand for healthier and more sustainable building materials. Ultra-low VOC air-purifying paint is an advanced type of paint designed to emit extremely low levels of volatile organic compounds (VOCs) and actively purify the air. For instance, in July 2023, Crown Paints Limited, a UK-based paints and coatings provider, launched the Crown Trade Clean Air, an ultra-low VOC air-purifying paint. It removes up to 45% of formaldehyde from the air. Crown Trade Clean Air incorporates Crown's exclusive breath-easy technology, guaranteeing the paint is 99% solvent-free and certified as asthma and allergy-friendly.

The low VOC paint market covered in this report is segmented -
1) By Type: Traditional Spring Alkyd Paint, High Solid Alkyd Paint, Acrylic Latex Paint, Other Types
2) By Formulation Type: Waterborne, Solvent-Borne, Powder
3) By Application: Architecture And Decorative, General Industrial, Automotive Original Equipment Manufacturer, Automotive Refinish, Marine, Consumer Durables, Other Applications

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Major companies operating in the low VOC paint market are BASF SE, Mitsubishi Chemical Corporation, Sherwin-Williams Company, Asahi Kasei Corporation, PPG Industries Inc., Sika AG, AkzoNobel NV, Nippon Paint Holdings Co Ltd., Ace Hardware Corporation, Behr Process Corporation, Masco Corporation, Wacker Chemie AG, Axalta Coating Systems Ltd., Valspar Corporation, Asian Paints Ltd., Hempel A/S, Jotun Group , Benjamin Moore & Co., Kansai Nerolac Paints Ltd., Kelly-Moore Paint Company Inc., Cloverdale Paint Inc., Rodda Paint Company, Dunn-Edwards Corporation, Pratt And Lambert Paints, Dairen Chemical Corporation

Contents of the report:
1. Executive Summary
2. Low VOC Paint Market Report Structure
3. Low VOC Paint Market Trends And Strategies
4. Low VOC Paint Market - Macro Economic Scenario
5. Low VOC Paint Market Size And Growth
…..
27. Low VOC Paint Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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